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The annual 'Global Risks Report' by Geneva-based World Economic Forum (WEF) also flagged massive incidents of data fraud and large-scale cyber attacks among the biggest risks in terms of likelihood, while it also listed increasing polarisation of societies and growing wealth disparity among key concerns.

Responding to a Czech government agency warning against Chinese telecoms equipment firms, Huawei said \"there are no laws or regulations in China to compel Huawei, or any other company, to install \"mandatory back doors\"

EY will be hiring 2,000 employees in the next three years to expand its digital solution services to clients, focussing on domains such as analytics, new technologies, intelligent automation, artificial intelligence, blockchain and tax technology.